Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Impound Account

California Association of Realtors

Updated 10-31-2026

Impound Account

An account established by a lender to collect a borrower's property tax and insurance payments. Impound accounts are normally required on mortgages with down payments of 10 percent or less.

California Association of Realtors Glossary

California Association of Realtors · p. 7

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